Best Practices to Protect Your Cashflow From Cash Eater Jobs - Ep #186

29/08/2023 29 min Episodio 186

Listen "Best Practices to Protect Your Cashflow From Cash Eater Jobs - Ep #186"

Episode Synopsis



🎸 Hey there, rockstars!
It's time for the latest episode of the No BS Podcast For Contractors!
Today's topic hits close to home for contractors all around the world: cash flow challenges. 🌍
It's a bit of a downer that cash flow can be a big obstacle, but don't worry—we'll share some great insights and tips. 🚀
Imagine boosting your cash flow and watching your bank account grow.
We're breaking down the three cashflow villains: overhead costs, underpricing, and unpaid invoices. 🦸‍♂️🦸‍♀️
These troublemakers can really mess up your financial well-being.
Got some big jobs piling up? 📊
We'll reveal the secret to avoiding the cash gap crunch and staying ahead. 🏗️
And no more falling into the "I know" trap! 
Keep an open mind, take in the info, and rake in those dollars.
Don't let your invoicing slip anymore! 🧾 
Be the first to get paid and steer clear of the scramble for collections.
So there you have it!
Keep rocking, keep making those profits, and catch you on the other side! ✌️🎸

Chapters:
0:00 Cash flow is such a painful thing
4:56 The importance of cash flow
9:09 The cash flow gap
14:25 The payment cycle of money going out vs. money going in
19:34 Understanding the value of a good contractor
24:06 Looking at accounts receivable on a weekly basis

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